1974-03-04 Regular Meeting - Laserfiche WebLink

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• March 4, 1974 Attorneys for the City of La Porte and for Southern Pacific Transportation Company have been in conferences recently, concerning the feasibility of settlement of the lawsuit. This has progressed to a point where the firm of Baker & Botts (representing Southern Pacific Transportation Company) has proposed to Mr. Will Sears, Special Counsel for the City of La Porte, that the parties file an agreement to pass the March 11, 1974 setting. This was accompanied by a representation on behalf of Southern Pacific to the City Commission that officials of Southern Pacific sincerely believe that the items described below may form a basis for a realistic settlement of this lawsuit and that Southern Pacific is prepared to go forward with • negotiations with the City with the view toward making a recommendation to Southern Pacific's management for con- sideration based on these negotiations. No settlement is final at this time, as neither the City Commission nor the management of Southern Pacific have entered into a binding agreement as to the exact terms upon which the case will be settled. However, upon the representations made and upon the recommendation of the City's special counsel, the City Commission has agreed that the case should be passed at its setting on March 11, 1974 in order that negotiations for settlement may continue. The items of settlement being negotiated are as follows: a. The construction by Southern Pacific, at its entire cost and expense, of an overpass of sufficient width to accommodate four normal traffic lanes, to be con- structed at the Spencer Highway - Main Street intersection with Southern Pacific's main line. If final terms of settle- ment are reached, duly approved by the City Commission and •